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Helping People Live the Paso Style, Events, Wine,
Food, Living
April 2007 |
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Events:
Touring
Time
April is a little quieter around Paso, a perfect time to explore new
wineries and enjoy the beautiful scenery. Almond trees are in full
blossom. Wineries are more focused on small release parties, etc.
rather than the huge Zinfandel Festival. Atlanta may have the Peach
Blossoms, but the lovely blooming Paso Almond trees with the backdrop
of vineyards are beautiful.
Speaking of Zinfandel Festival, this years event
in March
was a huge success. Sold Out! So many great Zinfandels. The
overall quality of local Zinfandel continues to improve upholding the long
history of Zin in Paso.
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Quick Real Estate Facts:
(Calif) |
Median home price -
$564,700 |
Highest median home price
Santa Barbara So. Coast $1,000,000 |
Lowest median home price
High Desert $319,860 |
Mortgage rates - week ending 3/22:
-30-yr. fixed: 6.16%; Fees/points: 0.4%
-15-yr. fixed: 5.90%; Fees/points: 0.4%
-1-yr. adj: 5.40%; Fees/points: 0.7% |
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Wine Corner:
(Review of local Paso Wines)
What's in a
Name? Paso joins the Joint Declaration to Protect Wine
Place & Origin.
The name Paso Robles is
important to us because it's where we live. Now
the name is in good company
as Paso Robles along with Sonoma, Chianti, Tokaj, Victoria
and Western Australia
are added recently to the already existing six names of the Joint
Declaration to Protect Wine Place & Origin. Existing
members include Napa, Champagne, Porto, Jerez, Oregon,
and Washington.
Protecting a wine name usage is very important.
California has passed laws restricting the usage of the
names Napa and Sonoma. The law was challenged
over the Napa Creek label which previously sourced it's
grapes outside of Napa. The Supreme Court refused to
hear the case.
www.winebusiness.com
Local
News:
(Local RE and Wine News)
Olsen Ranch. Paso City Council
has approved a concept of Smart Growth and Traditional
Neighborhood Design for the 248 acre at Creston Road and
Beechwood.
Golden
Hills Plaza. Lowes, Bed, Bath & Beyond, Circuit City and
PetSmart are potential retailers for the 300,000 sq ft
shopping center proposed off of highway 46
East and Golden Hill Road. |
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Cooking Corner:
(Personal recipes and views on Cooking Paso Style)
White Chili:
Everyone is familiar with the traditional Texas style Red Chili, but
there is an equally tasty variety, White Chili.
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4 - 14oz cans White
Kidney Beans |
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2 - chicken breast,
roasted and cubed |
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1 can chicken broth |
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3 yellow chilies |
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1 yellow Bell Pepper |
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3 Habanera chilies |
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1 large Onion, Chopped |
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2 tbs Cumin |
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1 tbs White Pepper |
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1 tbs Coriander |
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1 large Parsnip,
Diced |
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8 oz sliced
mushrooms |
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6 oz sour cream |
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1 cluster of Garlic
chopped |
Combine all ingredients
in a large stew pot and simmer for 30 to 45 minutes.
Serve with graded white Monterey Jack cheese.
Enjoy
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Wine
Trivia:
(A little local or wine trivia)
A rather common
designation on American wine labels is the word "Reserve".
What does this mean?
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a) |
Same as Estate |
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b) |
Only the top 10% of
Estate Grapes are used |
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c) |
"Reserve" this wine
for special occasions |
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d) |
Nothing |
(Please visit
http://www.pasostyleliving.com for the
answer) |
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Paso
Style Living Real Estate:
(Real
Estate market conditions in Paso Wine Country)
There has been a
lot of talk in the national press on Sub prime mortgages and the impacts
they have on the lending marketplace. First, what is a sub prime
loan? Almost all loans are resold via the wholesale mortgage
market, most people know of Fannie Mae and Freddie Mac. To qualify
for the wholesale market, loans must meet certain underwriting
requirement, such as credit scores, LTV, etc. These are then
called prime loans. All loans which are not prime are then sub
prime. These loans have a higher interest rate due to the higher
risk to the originator.
(Single Family Homes, SFRSB)
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Area
(1/1/2007-1/31/2007) |
Avg Price |
Homes Available |
Sold/Pending |
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Atascadero |
$525,970 |
200 |
39 |
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Paso Robles |
$488,029 |
440 |
88 |
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Templeton |
$885,000 |
80 |
24 |
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All Paso Wine
Country |
$551,784 |
868 |
173 |
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Paso Wine Country
contains the following real estate areas (Paso Robles, Atascadero,
Templeton, San Miguel, Creston, Shandon, Santa Margarita, Bradley,
and Chalome) |
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Ron Johnson
Broker Associate, RealtorŪ
(805) 423-1902
www.pasostyleliving.com |
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